Elderly And Low-Income Tenants Forced To Pay Landlord’s Mortgage

Who is Paul Rose speaking on behalf of? What does this story on Veritas have to do with his role with SFMTA?

SAN FRANCISCO (KPIX 5) – Elderly tenants living on a fixed income in San Francisco are paying the mortgage of the city’s largest landlord, and they say it’s getting to be too expensive.

Patrick Shannon and his wife Kathy live in a rent-controlled apartment in San Francisco’s North Beach neighborhood. Two years ago, Veritas Investments bought their building and has been steadily raising the rent ever since.

Recently, Kathy suffered a stroke. Patrick says the stress of her health and the increased rent is getting to be too much.

“I wish they would have picked on me when I was in good fighting form, but they come at me when we’re a bit vulnerable,” Shannon said…

“When a property is purchased these go through historically,” said Veritas spokesperson Paul Rose…(more)

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